Interserve plc (IRV) Upgraded by Peel Hunt to Add
Interserve plc (LON:IRV) was upgraded by equities research analysts at Peel Hunt to an “add” rating in a note issued to investors on Friday. The firm currently has a GBX 80 ($1.06) price target on the stock, down from their previous price target of GBX 90 ($1.20). Peel Hunt’s target price would indicate a potential upside of 4.58% from the stock’s current price.
Other research analysts have also issued reports about the company. Liberum Capital reiterated a “buy” rating and set a GBX 180 ($2.39) price objective on shares of Interserve plc in a research note on Thursday. Numis Securities Ltd reiterated a “buy” rating and set a GBX 171 ($2.27) price objective on shares of Interserve plc in a research note on Friday, September 22nd. Berenberg Bank dropped their price objective on Interserve plc from GBX 260 ($3.45) to GBX 200 ($2.66) and set a “hold” rating for the company in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 243 ($3.23) price objective on shares of Interserve plc in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 179.86 ($2.39).
Shares of Interserve plc (LON:IRV) traded up 16.79% during trading on Friday, hitting GBX 76.50. 13,460,805 shares of the stock traded hands. Interserve plc has a 52 week low of GBX 52.75 and a 52 week high of GBX 385.50. The firm’s 50-day moving average price is GBX 120.84 and its 200-day moving average price is GBX 197.53. The company’s market cap is GBX 111.47 million.
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In other Interserve plc news, insider Glyn Barker bought 62,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were bought at an average price of GBX 90 ($1.20) per share, for a total transaction of £56,250 ($74,740.90). Also, insider Debbie White bought 65,408 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of GBX 76 ($1.01) per share, for a total transaction of £49,710.08 ($66,051.13). Insiders have bought 128,189 shares of company stock worth $10,638,649 in the last 90 days.
Interserve plc Company Profile
Interserve Plc is a United Kingdom-based support services and construction company that offers advice, design, construction, equipment, facilities management and frontline public services. The Company provides a range of integrated services in the outsourcing and construction markets. It operates through three segments: Support Services, Construction and Equipment Services.
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